$115m Credit Facilities for Evolution1 Inked

August 31, 2011 / Albert Hamon, Mergers and Acquisitions Reporter
$115m Credit Facilities for Evolution1 Inked GE Capital, Healthcare Financial Services has closed $115 million in senior secured credit facilities for Evolution1 (formerly Evolution Benefits, Inc.), a portfolio company of Genstar Capital, LLC. The financing was used to recapitalize Genstar’s acquisition of Evolution Benefits and support the company’s acquisition of Lighthouse1, LLC. GE Capital Markets served as sole lead arranger and joint bookrunner, as it did upon providing a $4.5 million credit facility to QSpex Technologies, Inc. on July 2010. With... »

Exelon Nuclear and GE Hitachi Nuclear Energy Ink Services Contract

August 29, 2011 / Elizabeth Buckley, Commercial Property Analyst
Exelon Nuclear and GE Hitachi Nuclear Energy Ink Services Contract GE Hitachi Nuclear Energy will provide Exelon’s Stations in Illinois, Pennsylvania and New Jersey with full portfolio of outage services, including maintenance, Iinspection and fuel reload engineering as it has been awarded a nearly $150 million services contract by Illinois-based Exelon Nuclear. GE recently signed a separate contract with China Huadian Corporation to develop distributed energy combined heat and power (DECHP) projects that would provide electricity for consumers in China located close to the plants.... »

$2.15m Pizza Project Funded by GE Capital

August 25, 2011 / Elizabeth Buckley, Commercial Property Analyst
$2.15m Pizza Project Funded by GE Capital GE Capital, Franchise Finance has handed over $2.15 Million in funding the acquisition and development of a pizza project by Domino’s Pizza Franchisee, Pizza Project, LLC. Included in the facility is a $1.45 million term loan for the acquisition of existing Domino’s units as well as a $700 thousand development line of credit that will pave the way for new stores throughout the San Francisco, CA area. Domino’s Pizza Franchisee is already a customer of... »

Next Level for GE Energy’s Nevada Condition Monitoring

August 23, 2011 / Elizabeth Buckley, Commercial Property Analyst
Next Level for GE Energy’s Nevada Condition Monitoring GE Energy (NYSE: GE) has taken a higher step in asset monitoring through the acquisition of Commtest, a provider and designer of machinery health information systems. Following GE’s announcement of a 300-megawatt (MW) grid-connection agreement with Romania’s grid operator Transelectrica, and a joint venture with German wind farm developer Prowind GmbH, which is expected to aid in the expansion of Romania’s wind power sector, GE Energy’s Bently Nevada condition monitoring will now associate Commtest products... »

Real Estate Company Acquires Denver Building for $6.7m

August 18, 2011 / Albert Hamon, Mergers and Acquisitions Reporter
Real Estate Company Acquires Denver Building for $6.7m Real estate company DCT Industrial Trust Inc. has announced its acquisition of a 118,000-square-foot building in Denver. In the Denver Central submarket, DCT Industrial acquired 5330 Pecos Street, a well-located bulk distribution building. The building was acquired for $6.7 million or $56.48 per square foot, approximately 20-25 percent below replacement cost. The Company anticipates a year-one cash yield of 7.9 percent. Last month, the real estate company signed leases totaling 4.0 million square feet in... »

Parkway Properties Sells Virginia Office Property for $9.3m

August 17, 2011 / Elizabeth Buckley, Commercial Property Analyst
Parkway Properties Sells Virginia Office Property for $9.3m Parkway Properties, Inc. (NYSE:PKY) has sold an office property at Virginia for a gross sale price of $9.3 million. The announcement follows a recently wound up sale of Maitland 200, a 204,000 square-foot office property located in the Maitland submarket of Orlando. On the other hand, Glen Forest is an 81,000 square foot office property located in the Parham Road submarket of Richmond, Virginia. The building was 99.1 percent occupied as of August 1, 2011.... »

New Home for a Real Estate Company

August 12, 2011 / Elizabeth Buckley, Commercial Property Analyst
New Home for a Real Estate Company Real estate company Avison Young has expanded its line of offices with the opening of a newly-formed office in Los Angeles, California. The new American office is part of Avison Young’s strategy toward growth and expansion, the office being the eighth location outside of Canada. The announcement comes hard on the heels of Avison Young’s acquisition of Virginia-based Millennium Realty Advisors, LLC, which opened a new office in Dallas, Texas, and added a group of... »

Emdeon, Blackstone Capital Ink $3b Definitive Merger

August 05, 2011 / Albert Hamon, Mergers and Acquisitions Reporter
Emdeon, Blackstone Capital Ink $3b Definitive Merger Emdeon Inc. (NYSE: EM), a provider of healthcare revenue and payment cycle management and clinical information exchange solutions, has entered into a definitive merger agreement with Blackstone Capital Partners VI L.P. in a transaction valued at approximately $3 billion that will result in Emdeon becoming a private company. Under the agreement, Blackstone will acquire a controlling interest in Emdeon. Hellman & Friedman will maintain a significant minority equity interest in Emdeon. The merger will allow... »

Real Estate Company Closes $63.8M Japanese Multifamily Financing

August 03, 2011 / Elizabeth Buckley, Commercial Property Analyst
Real Estate Company Closes $63.8M Japanese Multifamily Financing International real estate company Kennedy Wilson (NYSE: KW) has announced that the company’s Japanese subsidiary refinanced part of its multifamily portfolio in the amount of $63.8 million at an interest rate of 1.70 percent, slated for five years. Mitsubishi Tokyo UFJ Bank provided the financing, and this transaction follows the partnership’s $262 million refinancing in March of this year. Early last month, Kennedy Wilson announced two closed transactions with a combined value of approximately $147... »

Failed Deal Between Private Equity, Power Producer Over US$111m Investment Breathes Anew

July 27, 2011 / Elizabeth Buckley, Commercial Property Analyst
Failed Deal Between Private Equity, Power Producer Over US$111m Investment Breathes Anew Private equity firm Blackstone Group (NYSE: BX) has rolled out plans to invest INR 5,000 million ( USD 111 million) in VISA Power Limited, an independent power producer whose core asset is a 1,200 MW captive-mine based, coal power plant in Chhattisgarh. Blackstone recently backed out from the six-month old talks with Kolkata-based Visa Power over the Rs 500 crore investment in the 1,200-MW power plant in Chhattisgarh, following negotiations made by the power producer... »

Major Deals News

Major deals’ news are about the most recent and major transactions done by leading key players in the real estate industry. Major deals include acquirement, leases, major investments, and buy-outs of any commercial real estate property in the United States.